Masdar has signed a roadmap to develop a massive 1 gigawatt (GW) wind power plant in Kazakhstan. The strategic move aims to support Kazakhstan’s ambitious goal of achieving 50% renewable energy in its energy mix by 2050. This venture marks Masdar’s first project in Kazakhstan and is a significant step toward achieving the country’s aim […]
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Petrofac signs $1.5 billion EPC contract in Algeria
Petrofac today confirmed it has entered into a definitive agreement with STEP Polymers SPA, a Sonatrach subsidiary, for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria. The contract award was originally announced in May 2023. Petrofac will deliver the $1.5 billion project with its joint venture partner China […]
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UAE contractor Gulf Marine secures two offshore contract extensions
Gulf Marine Services (GMS), a UAE-based provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has announced the award of two contract extensions in the GCC region.  The award of these contract extensions reflects continued highly favourable market conditions and the quality of the company’s fleet, reaffirming GMS’s leading […]
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Iraq approves record $153 billion budget for projects and hiring
Iraqi government on Monday approved a 2023 budget of a whopping $153 billion that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war. The budget is based on an oil price of $70 per barrel and projects oil exports at […]
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India’s Infinite Mining to build new oil refinery in Sharjah
India’s Infinite Mining & Energy has leased a 200,000 square feet land plot from Sharjah’s Hamriyah Free Zone Authority (HFZA) to build a multifunctional oil refinery. The new facility will have a processing capacity of 10,000 barrels/day and an annual refining capability of up to 3.6 million barrels, HFZA said in a statement. No details […]
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Saudi Arabia, UAE, Qatar and Oman to hire over 1 million Filipinos for new jobs
According to the Philippines Government, there are plans for extensive recruitment of Filipino workers in Saudi Arabia, UAE, Qatar, and Oman.The sectors expected to see significant recruitment include tourism, hospitality, and construction, Arabian Business reported. The Department of Migrant Workers (DMW) of the Philippines is currently working on signing a memorandum of cooperation with these […]
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UAE announces Eid Al Adha 2023 holiday dates
UAE has officially announced that the public sector employees in the UAE will have the opportunity to enjoy a six-day break in celebration of Eid Al Adha, according to a circular issued by the Federal Authority for Government Human Resources. The holiday will commence on Tuesday, June 27 and continue until Friday, June 30, with […]
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